Coronavirus Economic Response Package Omnibus Act 2020 (22 of 2020)

Schedule 2   Backing business investment

Income Tax Assessment Act 1997

4   At the end of subsection 40-75(2) (after the notes)

Add:

Note 3: You must also adjust the formula if an accelerated decline in value applied to the asset under Subdivision 40-BA of the Income Tax (Transitional Provisions) Act 1997: see subsection 40-135(3) of that Act.